Lease Dealer Payoff Fees???

[JBoud18]

So I traded in my leased 2023 F150 last week for a 2025 Lariat. It was an early turn in because my situation changed. I thought I had a lower payoff for the dealer but it turns out I was wrong. Two dealers were telling me these lease payoff fees are because of Ford Credit wanting money and they were charging the exact same amount. So naturally I call Ford Credit and ask them why this is the way it is, especially when I’m purchasing a new truck. They proceeded to tell me that they don’t know what these fees are and that it’s up to the dealer how much to charge for a lease turn in/purchase.

This was my first and last lease. I’m just trying to wrap my head around it because I’m getting two different answers from everybody. So does anybody have any clue what’s true and mind helping me?
Thank you

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[Buyer2021]

They proceeded to tell me that they don’t know what these fees are and that it’s up to the dealer how much to charge for a lease turn in/purchase.

Have you carefully read your entire original lease contract and any supplemental dealer documents you signed when you got the lease for an explanation of any dealer lease payoff fees? Maybe 'buried' in clauses relating to early termination?

 

[jfalat]

i was charged a 4 % fee by the dealer when i traded in my lease... the dealer said that's what ford charges them to buy my lease so they just pass the cost along to the customer.

 

[flasch192]

I turned my 22 lease in 1 month early in june , only got a bill for the one month and the 1k miles i was over that was it ! Ford has no fees for early turn in and the 395 disposition fee is waived if you buy or lease another ford vehicle !
If you turn your lease in way early its your residual plus any negative equity plus remaining payments .
Dealers can buy lease returns cheaper then the person returning it.

Because your dealer shafted you doesn't make leasing bad , get educated on leasing if that's the route you choose !

 

[JBoud18]

Have you carefully read your entire original lease contract and any supplemental dealer documents you signed when you got the lease for an explanation of any dealer lease payoff fees? Maybe 'buried' in clauses relating to early termination?

I never even thought of that. I’ll have to see if I have the original contract still.

I turned my 22 lease in 1 month early in june , only got a bill for the one month and the 1k miles i was over that was it ! Ford has no fees for early turn in and the 395 disposition fee is waived if you buy or lease another ford vehicle !
If you turn your lease in way early its your residual plus any negative equity plus remaining payments .
Dealers can buy lease returns cheaper then the person returning it.

Because your dealer shafted you doesn't make leasing bad , get educated on leasing if that's the route you choose !

I’m in no way saying leases are bad. Just not for me. I normally buy and my situation changed to driving a TON more than my lease allowed. I didn’t turn it in, I had to trade it in for the most value. I had 22 months left on the lease.

 

[Buyer2021]

I never even thought of that. I’ll have to see if I have the original contract still.

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